Most corporate buyers of businesses know about the 338(h)(10) tax election available under the Internal Revenue Code. The 338(h)(10) election allows a buyer to structure an acquisition as a stock purchase from a legal standpoint but as an asset purchase from a tax standpoint. A stock purchase may be desired legally to allow for a […]
This article is taken from the New York Real Estate Journal, dated Tuesday 5th November 2019. What advice can you offer to someone who is just getting started in your industry? You’ve got to keep learning because the changes keep coming. Potential changes as of October 2019 include: 1. Reform of the NYS property tax […]
One of our fantastic lawyers, Lily Axelrod, specializes in asylum cases and nominated today’s immigrant of the week. Lual Mayen was recently recognized in the Washington Post for his extraordinary journey from fleeing the war in Sudan to launching a new company, Junub Games. After playing games such as Grand Theft Auto, with violence, Mayen […]
Rosenberg & Estis, P.C., a leading New York City real estate law firm, has announced that Jack J. Rose has joined the firm as a Member to lead the firm’s new Bankruptcy and Reorganization Department. The addition of Rose and the establishment of a bankruptcy and reorganization department demonstrates Rosenberg & Estis’ commitment to […]
“How much will it cost to sell my business?” It seems like a reasonable enough question—and a business owner is wise to plan ahead and think about the financial impact of merger, acquisition, or other business transactions early on. However, focusing on what you’ll pay to sell a business is a classic example of “missing […]
QUESTION ONE – In your experience, what are the key considerations that international clients should have the front of mind when assessing a target company for acquisition in your jurisdiction? An acquirer needs to know the legal and physical context of the business, not simply its current and projected economic conditions. In the US, businesses are subject to both […]
Every business owner understands the importance of employee engagement. Keep your team motivated and energized, and you’ll maximize profit, productivity, retention, and customer satisfaction. When the time comes to sell your business, you’ll need to cultivate that same level of engagement within yourself. You’re the one in the driver’s seat; no one else can steer […]
The U.S. Trade Representative (“USTR”) has published the notice in the Federal Register that the USTR will accept Exclusion Requests through an online portal for Chinese-origin merchandise listed on Section 301, Tranche 4A, beginning at noon EDT on October 31, 2019, and ending on January 31, 2020. 84 FR 57144. Products covered by Tranche 4A […]
Most people will never experience a merger, acquisition, or other business transaction firsthand. Of those business owners who do sell their companies, few will go through the process more than once. Therefore, M&A professionals exist. When you’re embarking on the most complex and challenging business deal of your lifetime, it pays to have a few […]
The US Federal government, under CFIUS, a multi-department government committee, has reviewed acquisitions by non-US persons of “strategic” businesses and assets in the US for many years now. If the acquisition is subject to review and does not pass governmental acceptance, then the deal may have to be terminated or modified, or possibly even undone […]
Recently, Immigration and Customs Enforcement (ICE) has begun conducting workplace site visits for F-1 students employed pursuant to STEM OPT. Thus, companies that employ STEM OPT workers are encouraged to be prepared in case ICE visits their workplaces. ICE has always had jurisdiction over STEM OPT worker. However, previously, ICE didn’t use their precious resources […]
In the second part of my summary of AILA’s Worksite Enforcement Conference in Utah, I will be discussing the comments of Alberto Ruisanchez, Deputy Special Counsel of the Immigrant and Employee Rights Section (IER) of the Department of Justice’s Civil Rights Division. It is always enlightening when government speakers talk to immigration lawyers and answer […]